what would be the minimum yearly net income have to be to make you satisfied?

[jinduy]

just curious

i don't know why the poll wouldn't let me add 60k,70k,80k...so i spelled it out

 

[Heisenberg]

Anything less than 100k today is crap.

 

[Judgement]

Originally posted by: Heisenberg
Anything less than 100k today is crap.

I'm sorry my aspirations to be a manager at taco bell don't live up to your expectations :frown:

lol

 

[Eli]

I would be very satisfied with 75 - 100k.

 

[thirtythree]

I made a similar thread a while ago if you're curious. no poll though.

 

[OS]

I'd be pretty happy starting at ~50k/yr, doing worthwhile and challenging work.

 

[Orsorum]

Let's see... $1300 a month for savings ($300 for IRA, $1000 for taxable portfolio), $2000 a month for a reasonable mortgage on a house, $200 a month for car insurance, $100 a month for maintenance/gas, $400 for other stuff.

$48,000 a year (Net Income, of course)

 

[jinduy]

Originally posted by: Orsorum
Let's see... $1300 a month for savings ($300 for IRA, $1000 for taxable portfolio), $2000 a month for a reasonable mortgage on a house, $200 a month for car insurance, $100 a month for maintenance/gas, $400 for other stuff.

$48,000 a year (Net Income, of course)

yep assuming ur not a materialistic person who's into LV or AX brand type of crap, then it's pretty reasonable that 50-70g would be pretty decent. i forgot to mention i'd be real happy with 70G...enough for me to take a vacation once in a while .

 

[digitalsm]

$50-75k after taxes.

 

[dafatha00]

Originally posted by: Orsorum
Let's see... $1300 a month for savings ($300 for IRA, $1000 for taxable portfolio), $2000 a month for a reasonable mortgage on a house, $200 a month for car insurance, $100 a month for maintenance/gas, $400 for other stuff.

$48,000 a year (Net Income, of course)

I believe you can only deposit up to $2000 a year in an IRA.

 

[Orsorum]

Originally posted by: dafatha00
I believe you can only deposit up to $2000 a year in an IRA.

$3000 for 2003 ($250 a month), $3000 for 2004, then from 2005 to 2007 (I think), it's $4000 a year ($333.33 a month or so), $5000 in 2008, amts after that are indexed to inflation. So that $300 is a little over-generous for the next few years, then would need to be increased after that.

 

[Zugzwang152]

eleventy billion.

 

[Orsorum]

Originally posted by: Zugzwang152
eleventy billion.

eleventy, eh?

 

[Zugzwang152]

Originally posted by: Orsorum

Originally posted by: Zugzwang152
eleventy billion.

eleventy, eh?

and the joke goes right over your head

 

[Orsorum]

Originally posted by: Zugzwang152

Originally posted by: Orsorum

Originally posted by: Zugzwang152
eleventy billion.

eleventy, eh?

and the joke goes right over your head

Apparently.

 

[Stallion]

What we make right now.

 

[rudeguy]

satisfied=50k
would rather make 100+

 

[rival]

im 'satisfied' with what i make now, 40k/yr gross, but more wouldnt hurt any..i did live on 16k/yr gross for about a year and it sucked


i'd take eleventy billion though

 

[rh71]

With all the crap that gets deducted (and the "forced savings")... I'd need to be at least very close to 6 figures to make me happy... doesn't have to be 6 figures or above. The latter is prob not attainable unless I get into a management position which I DO NOT ever want.

 

[MustangSVT]

little bit more ...

 

[billandopus]

Of course it would be as much as possible. Eleventy Billion sounds just about right.

 

[Pepsi90919]

about three fiddy

 

[stickshift]

my dad makes around ~$140k before taxes, and we live like crap...so it would take a bit more than that ot make me happy.

 

[tnitsuj]

Originally posted by: stickshift
my dad makes around ~$140k before taxes, and we live like crap...so it would take a bit more than that ot make me happy.

Define "live like crap"

 

[Orsorum]

Originally posted by: stickshift
my dad makes around ~$140k before taxes, and we live like crap...so it would take a bit more than that ot make me happy.

Well, consider that the government takes 40% of his income immediately, not to mention other taxes. Just to be mean, let's say, he has an after-tax income of $70,000. Reasonable 30-year mortgage ($400,000 home, 5% interest), pays $2,000 a month, $24,000 a year. Let's also assume he has a relatively new car, bought it and is paying it off over time, $8,000 per year for payments. He and his wife contribute to an IRA, smart investors, they contribute the full amount that they can, plus a little extra for their taxable portfolio, $10,000 for that ($6,000 IRA contribution + $4,000). Plus insurance (life, auto, homeowners'), clothes, utilities, food, let's say that's an extra $1,500 a month, $18,000 a year.* That leaves $10,000 a year for fun.

I dunno, that's my college-age guy's view of married/family finances, from a minimalist perspective. That leaves a generous amount for investing, responsible home/car ownership, etc. For me right now, $10,000 is a sum I could not justify or imagine spending on anything leisure-wise, even over a year's time.

Perhaps from his perspective, because his dad does not have a ton of money lying around or does not throw it around, he does not see his dad as wealthy.


* this could be a huge variable, I honestly do not know how much would be spent over a year's time for a family of four in this regard, I know what my insurance is, but I don't know utilities/clothing/etc.